Monday, October 4, 2021
Only 9% of Venture Capital general partners worldwide are women, and according to Deloitte, only 11% of women make up VC deciders. This reality propagates the 3% investment rate of venture money spent on all-women teams, with 83% of VC deals involving founding teams with no women. These statistics are troubling because, as Kauffman Fellows notes, women VCs invest more in women entrepreneurs and underrepresented founders than any other group.
Several cyclical elements regarding lack of representation contribute to the dismal statistics above. To become a general partner at a VC firm, you either have to be:
- A former successful entrepreneur;
- A former executive of a mid to large size company;
- From a private equity or investment banking background; or
- Have moved up the ranks of a VC firm (associate onwards)
The rarity of women in each of the spaces above contributes to homogenous portfolios, male-dominated teams, and emerging women VC’s inability to raise capital. This panel will discuss how to break the cycle of lack of women leaders at venture capital firms and how solving this problem will lead to more successful women tech entrepreneurs.
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